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Zee
Former CEO of The Next Web. A fan of startups, entrepreneurship, getting things done faster, penning the occasional blog post, taking photos Former CEO of The Next Web. A fan of startups, entrepreneurship, getting things done faster, penning the occasional blog post, taking photos, designing, listening to good music and making lurrrve.
News just in that Twitter is to announce a round of funding equal from as many as seven investors.
This confirms our report from last week stating that Twitter were due another round of funding, valuing the company at $1 billion. However, at $100 Million, the actual round is twice what we had been expecting.
According to the WSJ, the investor group includes mutual fund giant T. Rowe Price and private-equity firm Insight Venture Partners, both new investors to Twitter. They join venture-capital firms Spark Capital and Institutional Venture Partners, both of whom have previously invested in the service.
The Twitter valuation is a substantial raise from the company’s last round of investing earlier this year, in which investors valued the company at approximately $255 million.
Twitter has raised approximately $55 million to date, with a round in March totaling $35 million, valuing the company at $250 million.
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